SNAPSHOT-Indian policy highlights on Thursday, June 30
June 30(Reuters) - Following are statements from Indian policymakers as well as the latest news and scheduled events.
* Denotes new entry.
* India's central bank said on Thursday it has decided to permit the issuance of equity, preference shares under the government route of the foreign direct investment (FDI) scheme for some categories.
"Payments should be made directly by the foreign investor to the company. Payments made through third parties citing the absence of a bank account or similar such reasons will not be eligible for issuance of shares towards FDI," the notification said.
* Prime Minister Manmohan Singh said India is committed to sustain the growth momentum and to overhaul its infrastructure.
"I think the first thing is to sustain the momentum of growth that we have built. Second, we must ensure that infrastructure does well, is well-managed, its reform is a priority concern," he said on Wednesday in a meeting with media editors, a transcript of which was later released.
